Cyprus Mail
Cyprus

BOC’s Wilbur Ross: Don’t mess it up like Greece

By Stelios Orphanides

U.S. billionaire Wilbur Ross said that he was optimistic that he would recover his investment in Bank of Cyprus as the situation with the lender’s bad loans, “its only problem,” was improving, and added that he hoped Cypriot voters would not risk a change in the direction of Cyprus’s economic recovery.

“We believe that the trend in non-performing loans is starting to become increasingly favourable, and that’s the only big problem that the bank has had,” Ross, who is also vice chairman of the island’s largest lender, said in a telephone interview on Sunday.



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